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Can someone help me understand how appraisers generate the values during the appraisal process? I am reading our appraisal report and trying to make sense of it.We own a duplex and occupy one of the units. Back in Nov...
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so this is my first property. It's now under contract and we have just gone through the comprehensive inspection which found signs of foundation movement. The signs were vertical cracks around the brick veneer on the ...
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I am having a little trouble with calculating the maintenance/capex expenses. It is also hard to find comps for this type of property in this area. I would be putting 20% down with a 3 year ARM amortized over 20 years...
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I understand the math to the 70% rule in house flipping. (Conservative Market value after repairs X.70 - repairs). What I don't understand is where this 30% magically disappears to. I know that there will be closing c...
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I need help with the following deal from a smaller turnkey provider in Memphis, TN 38117. It looks good to me, but I'd like to know if the numbers look good for local Memphis investors/realtors. Deal Details:Sale + R...
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My parents have been through many problems in the past several years - from a kidney transplant, to heart attack, and more, my folks have always paid their rent on time, but their other bills have suffered. They work...
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Add this to the stories of nightmare tenants...My tenant was late on rent payments month after month. She ends up writing two bad checks in July, and not paying at all in August, then blocking my phone number. I evi...
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Hello All,
Hope you are doing well. My house in houston had roof damage due to hail and strom damage. I have already identify the roofer and he helped me with the whole process of getting claim approved. I am replaci...
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Hi everyone, I was talking with an investor friend the other day and he asked me a question I didn't have an answer for. He asked "So if I were to invest 100k in a multifamily deal, how much would I make total over a ...
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Welcome to the new Question of the Week! It looks like estimating rehab is a big hurdle, so let’s get talking!
Make sure to vote in our poll and mention your location and average in our post. If you can give ballpark...